1. For professional investors only. Not for distribution to the public. Mirae Asset India-China Consumption Fund An open ended equity oriented scheme NFO Opens on : 9 th March, 2011 NFO Closes on: 23 rd March, 2011 Scheme re-opens for continuous sale & repurchase on or before 5 th April, 2011.

2. For professional investors only. Not for distribution to the public. The case for India-China consumer theme & sectors

3. For professional investors only. Not for distribution to the public. Why India - China Consumer Theme?  Take advantage of the structural growth trend in both India and China, which will leads to the domestic consumption boom caused by improving economic condition.  Demographic profiles of these two countries points to long term opportunity in consumer related products ranging from FMCG and high-end products to indirect play on consumer products in healthcare, financial, and tourism. By 2020 China GDP is forecast to be over US$12tn and India at US$3.4tn Source: CLSA Asia-Pacific Markets., 2010 Source: CLSA Asia-Pacific Markets, 2010 China & Indian population – Below 25 years as % of total GDP (trillion) Percentage (%) Percentage (%)

4. For professional investors only. Not for distribution to the public. Rise of Asian Middle Class The case for Indo-China consumer  Just over 60% of the region’s middle class is in China, and 10% is in India  China will account for two-thirds of those entering the Asia ex-Japan middle class, growing its middle- class members to 600m, with India’s total reaching 140m.  India and China lead growth in the size of middle class and in discretionary spending within the region which drives consumerism Source:CLSA, 2010 Middle-class population and spending CAGR, 2009-2014 Source:CLSA, 2010, CAGR – Compounded Annualised Growth rate Percentage (%)

5. For professional investors only. Not for distribution to the public. Large Populations & Rising Incomes The case for Indo-China consumer  India & China have the largest populations in Asia and we expect their disposable incomes to grow at the fastest rates in the region.  For developing countries like India & China, higher incomes are the biggest driver of consumption growth Disposable income per capita versus population growth, 2009 Source:CLSA, 2010 Population, disposable income growth versus middle-class growth Population (million) Growth in disposable income per capita (%) Middle Class Growth 2009-14 (%) China1328.010.411.1 India1173.87.618.6 Indonesia230.07.414.6 Thailand64.77.48.1 Korea48.75.70.3 Taiwan23.05.70.3 Philipines92.15.111.2 Singapore4.74.91.0 Hong Kong7.14.20.8 Malaysia28.14.25.8 Source:CLSA, 2010 Population (1000 Million) Percentage (%)

6. For professional investors only. Not for distribution to the public. A look at their demographic profiles  In 2010, 945m Chinese (68% of population) are in the key consuming 15-59 age bracket.  In India, the corresponding figures are 725m or 63% of population. Source: Statistical Outline of India; China Statistical Yearbook., 2010 China’s demographic profile - 2010India’s demographic profile – 2010 Source: Asian Demographics, 2010 The case for Indo-China consumer Age Group Age Group Population (million)

7. For professional investors only. Not for distribution to the public.  Better economic prospects and living standards are key drivers for people to move to urban areas. Source: United Nations and CLSA, Oct 10 Urbanization rates in China and India Consumption Driver 4: Urbanization Source: Morgan Stanley, Oct 10 Under-Urbanization n China and India Percentage(%)

8. For professional investors only. Not for distribution to the public. Our Investment Proposition India & China Consumer Stocks A Combination of factors like Urbanization, Growth in Middle Class, Declining Dependency Ratio provide fillip to the Consumption J Curve in a wide range of consumption and related sectors in the long run Urbanization Rising Middle Class Declining Dependency Ratio GDP Per Capita Income Growth Consumption J Curve Auto Consumer Non Durables Retail Household Appliances Media Utilitities

9. For professional investors only. Not for distribution to the public.  Different Consumption & Consumption related sectors have out-performed broader indices at various points of time: Past Performance may or may not be sustained in the future  Key here is picking the right sector. Why India - China consumer sectors? India - China consumer – a rising force MSCI India Gross Index Performance (local) % - Best performing sectors marked in Orange Calender Year BSE Sensex MSCI India - Consumer Staples MSCI India - Consumer Discretionary MSCI India - Telecom MSCI India - Utilities MSCI India - Financials 200544.0855.6145.1318.6014.5050.31 200647.8812.5040.7554.513.9748.15 200747.1512.591.9758.38177.3387.93 2008(52.48)(8.79)(48.67)(67.23)(51.70)(61.69) 200981.0329.91171.15(24.44)59.0580.21 201017.4330.3329.92(12.94)(9.24)22.58 MSCI China Gross Index Performance (local) % - Best performing sectors marked in Orange Calender Year MSCI China MSCI China - Consumer Staples MSCI China - Consumer Discretionary MSCI China - Telecom MSCI China - Utilities MSCI China - Financials 200519.473.01(7.36)34.35(2.75)21.58 200683.4391.2142.2982.0454.63139.77 200766.6648.8976.90100.3962.5035.71 2008(51.12)(39.85)(63.28)(43.37)(38.11)(44.93) 200962.71116.98149.60(0.37)0.1472.06 20105.102.84(5.32)11.73(8.83)(0.55) Source: Factset as on 31 st Dec 10

10. For professional investors only. Not for distribution to the public. Auto  India’s car sales lags China by 6 years. India & China have similar car sales p.a at a given per capita income (PCI) in PPP terms. Going by this trend, India’s car consumption could hit 10 mn p.a by FY 16E  China: J curve trajectory commenced in 2000 at USD 1000 PCI  India: J curve trajectory may commence in 2012 at USD 1200 PCI Source: Enam Research & Bloomberg, Dec 10. Source: Enam Research, Dec 10 (mn) units 19902000200520091990-00 CAGR(%) 2000-05 CAGR(%) 2005-09 CAGR(%) China0.21.23.510.3212431 India0.20.71.11.9141114 Indonesia0.20.30.50.61146 Malaysia0.20.30.4 661 Thailand0.30.10.2 -13194 BrazilN.A1.21.73.10816 UK2.02.32.42.021-5 Japan4.34.95.34.312-5 US8.617.31710.470-11 Total15.928.232.233.4631 India & China Head Global Passenger Car Sales PCI in PPP $ Year achievedCar sales China India ChinaIndia 1500199520000.530.69 2400200020061.221.38 600020092016E10.3210.00 India & China: Direct relationship between Car sales and PCI Why India - China consumer sectors? PCI=$1000 The Tipping Point for Accelerated Car Sales across regions Source: Enam Research, Dec 10 Car Sales Growth % PCI=$1200 China India Per Capita Income

11. For professional investors only. Not for distribution to the public. Household Appliances  India’s Household appliances industry ( TV, washing machine, refrigerator & air conditioner ) stood at USD 5 bn in 2009  Chinese domestic demand of AC is 17x and washing machine is 11x that of India.  While India passenger car penetration lags by 6 years to China, for consumer durables it is around 12 years Source: Enam Research, Crisil, NBSC, 2010 India 1995 & 2010 PenetrationChina 1995 & 2010 Penetration Why India - China consumer sectors? 2x 6x 2.5x 5.5x 2.5x18x 2.3x 3x

12. For professional investors only. Not for distribution to the public.  Chindia’s GDP growth has improved in the past decade. However, per capital consumption of various consumer products in China and India is still significantly lower than in many developing economies due to the lower income levels.  The low penetration levels suggest high potential for growth in the consumer products space in the form of FMCG. How big will India’s FMCG market be in 2020? Source: CLSA Asia Pacific Markets, 2010. How big will China’s FMCG market be in 2020? Source: CLSA Asia Pacific Markets., 2010 Consumer Non Durables Why India - China consumer sectors? China market size 2005(US$m) China market size 2020(US$m) Per-capita consumption growth(% cagr) Bath and shower products 1,073 2,4395.0 Laundry care 2,786 7,3046.0 Oral hygiene 1,596 6,3589.0 Hair care 2,171 11,36411.0 Color cosmetics 1,033 11,91217.0 Skin care 3,584 60,40120.0 Packaged food 55,786 381,65713.0 Beer 11,850 54,15010.0 Wine 2,734 46,07320.0 Spirits 13,368 61,08310.0 India market size 2005(US$m) India market size 2020(US$m) Per-capita consumption growth(% cagr) Bath and shower products 1,374 4.6707.0 Laundry care 1.540 6.0188.0 Oral hygiene 554 3.73612.0 Hair care 897 7.89214.0 Color cosmetics 1112,10320.0 Skin care 355 6.72920.0 Packaged food 9,795 98,18115.0 Beer 1,086 7,32212.0 Wine33 1,16425.0 Spirits 7,457 38,37210.0

13. For professional investors only. Not for distribution to the public. Summary  China and India are one of the fastest growing regions in the world. (Source: IMF,2010)  Spending power set to rise as industrialization spurs greater urbanization. This fuels demand for higher margin branded consumer products.  We are already seeing more urban population growth in China and India  Expert stock picks can yield gains irrespective of consumer cycle.  From a macro perspective in the long term, China and India are expected to continue to see secular consumer boom. India - China consumer – a rising force Risks  Consumer sector valuations look stretched. However recent correction in India & Chinese markets could help correct this.  Policy tightening in India & China  Rising commodity prices coupled with limited pricing power creates downside risk on earnings.  Any re-emergence of Sovereign Default Risks could lead to decline in financial markets across the globe Why India - China consumer sectors?

14. For professional investors only. Not for distribution to the public. Mirae Asset India-China Consumption Fund

15. For professional investors only. Not for distribution to the public. 15 Investment ObjectiveThe investment objective of the scheme is to generate long term capital appreciation through an actively managed portfolio investing in equity and equity related securities of companies that are likely to benefit either directly or indirectly from consumption led demand in India/China. The Scheme does not guarantee or assure any returns. Fund TypeAn Open ended equity oriented scheme Asset AllocationIndian Equities and Equity Related Securities of companies that are likely to benefit either directly or indirectly from consumption led demand - 65 - 90% Chinese Equities and Equity Related Securities of companies that are likely to benefit either directly or indirectly from consumption led demand -10 - 35% Money market instruments (including CBLO) / debt securities Instruments - 0 - 25% Plans & OptionsThe Scheme shall have Regular Plan and offers two options viz., Growth and Dividend. Dividend Plan will offer Payout & Reinvestment facility Entry LoadN.A. In accordance with SEBI circular no. SEBI/IMD/CIR No. 4/168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor. Similarly, no entry load will be charged with respect to applications for registrations under Systematic Investment Plan (SIP) / Systematic Transfer Plan (STP) accepted by the Mutual Fund with effect from August, 1, 2009. The upfront commission shall be paid by the investor directly to the distributor, based on his assessment of various factors including the service rendered by the distributor. Exit loadRegular Plan : 1% If redeemed within 1 year (365 days) from the date of allotment SIP : 1% If redeemed within 1 year (365 days) from the date of allotment NIL: If redeemed after 1 year (365 days) from the date of allotment Management & Administration FeesMaximum of 1.25% (with varied slabs) – Management Fees Total Recurring Expenses – Upto 2.50% with varied slabs (Inclusive of Management Fees) Minimum Application Amount & Minimum Additional Application Amount Investors can invest under the Scheme with a minimum investment of Rs.5,000/- and in multiples of Re. 1/- thereafter. Additional investments in an existing folio can be made for Rs.1,000/- and in multiples of Re.1/- thereafter. BenchmarkMSCI India Consumption Index (65%) + MSCI China Consumption Index (35%) (with quarterly rebalancing) (Price in INR). Fund Features

16. For professional investors only. Not for distribution to the public. 16 Fund Investment Universe Companies engaged in consumer business Consumer Staples Consumer Discretionary Financials Utilities Telecom Mirae Asset India – China Consumption Fund  The fund seeks to invest in a basket of Consumer Stocks benefiting either directly or indirectly from consumption led demand in India/China  An illustrative list of these sectors include Consumer Discretionary, Consumer Staples, Autos, Realty, Healthcare, Education, Media & Entertainment, Banks & Financial Services, Telecom, Transportation, Food and Tourism & Hospitality but not limited to the specified ones

17. For professional investors only. Not for distribution to the public.  Rs 10000 invested on 31 st Dec 2005 is today worth  Rs 21091 (MSCI India Consumption Index (65%) + MSCI China Consumption Index (35%))  Rs 19502 (BSE Sensex)  On a CAGR basis, the customised Consumption Index has returned 15.79% ; whereas the BSE Sensex has returned 14.02% over this time frame. (CAGR – Compounded Annualised Growth Rate) Rs 21091 Source: Factset & ACEMF as on 31 st Jan 11. Performance at a glance.. Rs 19502 Amount Invested (Rs)

18. For professional investors only. Not for distribution to the public. Fund Investment Strategy 18 Quality over Quantity Our investment strategy focuses on companies with the following characteristics: Attractive Valuation Atrractive relative valuation with the consideration of liquidity and volatility Derived through our bottom-up approach to stock picking Benefit from macroeconomic, industry and sectoral trends Reliable Management Capable and accountable management who care for shareholders’ values Corporate Goverance Norms Managements with good corporate governance track record

19. For professional investors only. Not for distribution to the public. Fund Manager(s) Mr. Gopal Agrawal – Head of Equity & Dy. CIO Mr. Gopal Agrawal is responsible for spearheading the equity investment management initiatives for the India operations. Mr. Agrawal is instrumental in developing investment philosophies for the domestic equity funds and building key investor relationship for the organization. Schemes being co-managed by Mr Surana are Mirae Asset India Opportunities Fund, Mirae Asset Global Commodity Stocks Fund, Mirae Asset China Advantage Fund and Mirae Asset Emerging Bluechip Fund. Aged 36, Mr. Agarwal is a Chemical Engineer by qualification and graduated from MBM at VGSOM, IIT Kharagpur. He has a rich work experience of over 13 years, out which 7 years has been with the Indian fund management industry. 19 Mr. Neelesh Surana – Senior Fund Manager (Equity) Mr. Surana has professional experience of more than 10 years and is responsible for Portfolio construction & monitoring. Prior to this assignment, Neelesh was associated with ASK Investment Managers Pvt Ltd where he was responsible for tracking sectors like Metals, FMCG and Pharma. Schemes being co- managed by Mr Surana are Mirae Asset India Opportunities Fund, Mirae Asset Global Commodity Stocks Fund, Mirae Asset China Advantage Fund and Mirae Asset Emerging Bluechip Fund. Aged 40, Mr. Surana is a Mechanical Engineer by qualification and has done his Masters in Business Administration (Finance). Mr. Basavraj Shetty – Fund Manager (Overseas Investments) Mr. Shetty has 7.5 years experience in Equity Research Analysis role and is responsible for Investment Analysis, Advisory & Fund Management. His last assignment was with Centrum Broking Pvt. Ltd., as an Equity Research Analyst. Prior to that, he was with J P Morgan India Pvt. Ltd as an Investment Banking – Associate. Mr. Shetty has also worked with Middle East Brokerage Company, Oman & First Global Stock Broking Pvt. Ltd. as an equity research analyst. Aged 36, Mr. Shetty is a B. Tech by qualification and has done his Masters in Business Administration (Finance).

20. For professional investors only. Not for distribution to the public. Mirae Asset: The Group 20  Building on principles Mirae Asset Financial Group is an independent financial organization engaged in many fields of finance which include asset management, investment banking, and life insurance. range of services and products. Based on our full range of services and products, we aim to become a true leader in the world’s capital market through the jurisdiction in which we always operate: by “Building on principles”.

21. For professional investors only. Not for distribution to the public. Emerging Market Experts 21  One of the world’s largest investors in emerging market equities We have been recognized as one the leaders in emerging market equities via various publications and surveys. In IPE’s (Investments Pensions Europe) “Investing in Emerging Market Equities” Survey, Mirae Asset marked no.1 (2008) and no.2 (2009, 2010) in terms of size of assets invested into emerging market equities.

22. For professional investors only. Not for distribution to the public. Disclaimer Statutory Details: Trustee: Mirae Asset Trustee Company Private Limited; Investment Manager: Mirae Asset Global Investments (India) Private Limited (AMC); Sponsor: Mirae Asset Global Investments Company Limited. Mirae Asset India-China Consumption Fund (An Open ended Equity Oriented Scheme) - Investment Objective: The investment objective of the scheme is to generate long term capital appreciation through an actively managed portfolio investing in equity and equity related securities of companies that are likely to benefit either directly or indirectly from consumption led demand in India/China. The Scheme does not guarantee or assure any returns. Load Structure: Entry Load: Nil. In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor. Exit Load: Redemption within 1 year (365 days) from the date of allotment (Including SIP/STP/SWP) - 1.00%. Redemption after 1 year (365 days) from the date of allotment - NIL. Asset Allocation: (1) Indian Equities and Equity Related Securities of companies that are likely to benefit either directly or indirectly from consumption led demand: 65%-90% (2) Chinese Equities and Equity Related Securities of companies that are likely to benefit either directly or indirectly from consumption led demand: 0%-35%; Money market instruments / debt securities Instruments and/or units of debt/liquid schemes of domestic Mutual Funds : 0%-25%.Terms of Issue: The units are available at the face value of Rs.10/- per unit during the New Fund Offer Period. The AMC will calculate and disclose the first NAV not later than 10 days from the closure of New Fund Offer Period. Subsequently, the NAV will be calculated at the close of every working day and shall be published in two daily newspapers and on the AMC/AMFI website. Risk Factors: Mutual fund investments are subject to market risks and there is no assurance or guarantee that the objectives of the scheme will be achieved. As with any investment in securities, the Net Asset Value (NAV) of the units issued under the Schemes can go up or down depending on the factors and forces affecting the capital markets. Investments in mutual funds are prone to risks of fluctuation in NAVs, uncertainty of dividend distributions etc. Past performance of the Sponsor / AMC / Mutual Fund / Trustee does not guarantee the future performance of the Schemes of Mirae Asset Mutual Fund. The sponsors are not liable or responsible for any loss resulting from the operation of the fund beyond the initial contribution made by them of an aggregate amount of Rupees One Lakh towards setting up of the fund. The Scheme should have a minimum of 20 investors and no single investor should account for more than 25% of the corpus of such scheme/plan(s). In case of non-fulfillment with either of the above two conditions in a three months time period or the end of succeeding calendar quarter, whichever is earlier, from the close of the New Fund Offer (NFO) or on an ongoing basis for each calendar quarter, the schemes /plans shall follow the necessary guidelines as prescribed by SEBI in this regard. Mirae Asset India- China Consumption Fund is only the name of the scheme and does not in any manner indicate either the quality of the scheme or its future prospects or returns. Investors in the scheme are not being offered any guaranteed / indicative/ assured returns. Please see "Risk Factors", "Scheme Specific Risk Factors and Special Consideration" and "Right to limit redemptions" in the Scheme Information Document (SID). Please read the Scheme Information Document (SID) & Statement of Additional Information (SAI) carefully before investing. A copy of SAI / SID/ Key Information Memorandum cum Application form will be available at AMC offices/AMC web-site www.miraeassetmf.co.in / Investor Service Centre / Distributors on request.www.miraeassetmf.co.in